Alleged Offence(s):
The defendant was charged with 4 counts of having, as an officer of Coupon Distributors Ltd, authorised or permitted that company to lend sums of money to himself (then being a director of that company) knowing or having reasonable cause to believe that the company was thereby contravening section 31 of the Companies Act 1990. These are indictable offences under section 40(1) of the Companies Act 1990.

Outcome:
The defendant having pleaded guilty, and the Court having thought the charges proven, the Court proceeded (under section 1(1) of the Probation of Offenders Act 1907) to dismiss the charges. The defendant was directed to pay prosecution costs of €250